Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. $\begin{array}{llllll}
\text { Amount } & \text { Number of } & & \text { Table } & \text { Finance } & \text { Monthly } \
\underline{\text { Financed }} & \underline{ \text { Payments }} & \underline{\text { APR }} & \underline{\text { Factor }} & \underline{ \text { Charge }} & \underline{ \text { Payment }}\
\$5,000&24&13.25\%
\end{array}$

Question

Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. $\begin{array}{llllll}
\text { Amount } & \text { Number of } & & \text { Table } & \text { Finance } & \text { Monthly } \
 \underline{\text { Financed }} & \underline{ \text { Payments }} & \underline{\text { APR }} & \underline{\text { Factor }} & \underline{ \text { Charge }} & \underline{ \text { Payment }}\
\$5,000&24&13.25\%
\end{array}$

Quizplus · Accepted Answer

The Answer of Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. $\begin{array}{llllll}
\text { Amount } & \text { Number of } & & \text { Table } & \text { Finance } & \text { Monthly } \
 \underline{\text { Financed }} & \underline{ \text { Payments }} & \underline{\text { APR }} & \underline{\text { Factor }} & \underline{ \text { Charge }} & \underline{ \text { Payment }}\
\$5,000&24&13.25\%
\end{array}$

Calculate the Finance Charge and Monthly Payment for the Following